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Re: useful fiction

Originally Posted by Celia

Hi,

Does anyone know what the phrase 'useful fiction' means?

Thanks a lot.

Useful fiction:

"The financial statement of most companies is fiction, but it is useful fiction, because our economic system requires mutually believed fiction to operate. We need workable myths upon which to make decisions. So we fabricate balance sheets, make investments, loan money, commit resources and energy on the basis of some number stories that we hope balance out in the end."
From: http://www.screwmachineworld.com/archives/story83.shtml